A toy projectile apparatus and method are disclosed in which the apparatus may include an elongated body having a wall defining an open interior, a closed end and an open end. A base member may be positioned in the open interior and configured to be moveable along the length thereof. A spring may also be positioned in the interior of the body with one end contacting the closed end of the body and another end contacting the base member so that the base member is biased toward the open end of the body. A resilient member or cap may also be mounted on an exterior of the body at the closed end. One or more toy accessories may also be used in conjunction with the toy projectile apparatus.